June 15 (Cointime) - The Federal Reserve has decided to keep its benchmark lending rate unchanged for now, despite traders anticipating a rate hike. The Fed's current interest rate is the highest it has been since 2007, after a sequence of 10 rate hikes.

Although inflation has moderated somewhat since last year, inflation pressures continue to run high and the Fed is still working towards getting inflation back down to 2%. The Fed has signaled that it is willing to lift rates higher if needed, but will assess additional information before making any adjustments to the stance of monetary policy.